tag:blogger.com,1999:blog-6318055043707993918.post6013541388651260277..comments2018-02-16T07:13:53.253-05:00Comments on THE WANDERING TAX PRO: ANOTHER ONE BITES THE DUSTRobert D Flachhttp://www.blogger.com/profile/06034127763662917220noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-6318055043707993918.post-22056537427151983872008-09-25T13:56:00.000-04:002008-09-25T13:56:00.000-04:00Samantha-An odd place to post your comment.As for ...Samantha-<BR/><BR/>An odd place to post your comment.<BR/><BR/>As for "what's all of this first time homebuyer $7500 credit/loan thing?" - check out my post THE HOUSING BILL AND THE 1040 at http://wanderingtaxpro.blogspot.com/2008/07/housing-bill-and-1040.html.<BR/><BR/>As for "is there any way to protest/appeal to get the credit?" - you are joking, aren't you?<BR/><BR/>Congress has many choices for setting the "effective" date of a new tax deduction, credit or application of tax law. <BR/><BR/>(1) They can make it retroactive to the first day of the current year, or "for all tax years beginning after December 31, 200X" (the prior year). This way the item is allowable for the entire calendar year.<BR/><BR/>(2) They can make it effective on the date the original legislation is introduced.<BR/><BR/>(3) They can make it effective on the date the final legislation is passed - or is signed into law by the President.<BR/><BR/>(4) They can make it effective on a specific date that relates to a specific event or action - for example in the case of tax legislation related to a natural disaster such as Katrina or Ike.<BR/><BR/>(5) Frankly they can make it effective on any date they wish.<BR/><BR/>TWTPRobert D Flachhttps://www.blogger.com/profile/06034127763662917220noreply@blogger.comtag:blogger.com,1999:blog-6318055043707993918.post-91929603302041418082008-09-22T07:45:00.000-04:002008-09-22T07:45:00.000-04:00Hiya! Just wanted to inquire, whats all of this fi...Hiya! Just wanted to inquire, whats all of this first time homebuyer 7500 credit/loan thing?! We bought our first home in 3/11/08, which falls just outside their "window".. and that totally stinks! We need the money just like everyone else... maybe even more!<BR/>Is there any way to protest/appeal to get the credit?<BR/><BR/>Thanks!!Samanthahttps://www.blogger.com/profile/14133487457180060005noreply@blogger.com